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Forex Trading Signals – December 7, 2017

Jessica Walker

These are the Main Daily Trading Signals for Thursday. Here’s how the technicals compare with interbank at 8 M GMT.

Euro/Dollar’s short and long-term charts are both divided between red and neutral signals, whereas the mid-term scale sees 6 sell prompts, but the interbank is neutral at less than 15% long, and it does not support the technicals.

Neutral models prevail across the chart for the Cable, which sees 4 neutral models in both the short and mid-term and 6 neutral indicators in the long-term, and they indeed are in line with the less than 2% short interbank.

Dollar/Yen sees 4 buy prompts on its hourly chart. The mid and long-term scales turn neutral with 5 and 6 studies, respectively, but the interbank is bullish at more than 19% long, and it confirms the 1-hour models. 4 studies point North on

Pound/Yen’s short-term chart. The 4 and 24-hour charts both see 6 neutral models, and they are backed up by the interbank, which is also neutral at less than 11% long.

And Euro/Yen sees 6 bullish signals on its hourly chart. Neutral models prevail on the mid and long-term scales, but the interbank is bullish at more than 27% long, matching the short-term models.

This article was originally posted on FX Empire